Choice Properties Correlations
| CHP-UN Stock | CAD 13.79 0.18 1.29% |
The current 90-days correlation between Choice Properties Real and Granite Real Estate is 0.58 (i.e., Very weak diversification). The correlation of Choice Properties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Choice Properties Correlation With Market
Very good diversification
The correlation between Choice Properties Real and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Choice Properties Real and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Choice Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choice Properties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Choice Properties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Choice Properties Real to buy it.
Related Correlations Analysis
| 0.92 | 0.58 | 0.83 | 0.89 | CRT-UN | ||
| 0.92 | 0.66 | 0.85 | 0.87 | CRR-UN | ||
| 0.58 | 0.66 | 0.36 | 0.56 | AP-UN | ||
| 0.83 | 0.85 | 0.36 | 0.87 | DIR-UN | ||
| 0.89 | 0.87 | 0.56 | 0.87 | GRT-UN | ||
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Risk-Adjusted Indicators
There is a big difference between Choice Stock performing well and Choice Properties Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Choice Properties' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRT-UN | 0.73 | 0.05 | (0.10) | (0.44) | 0.71 | 1.85 | 4.88 | |||
| CRR-UN | 0.81 | 0.01 | (0.10) | 0.44 | 1.08 | 1.97 | 5.51 | |||
| AP-UN | 1.17 | 0.10 | (0.02) | (0.73) | 1.50 | 2.64 | 9.11 | |||
| DIR-UN | 0.84 | (0.04) | 0.00 | 0.22 | 0.00 | 2.01 | 6.18 | |||
| GRT-UN | 0.90 | 0.05 | (0.08) | (0.11) | 1.08 | 1.84 | 5.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Choice Properties without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Choice Properties Corporate Management
Elected by the shareholders, the Choice Properties' board of directors comprises two types of representatives: Choice Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Choice. The board's role is to monitor Choice Properties' management team and ensure that shareholders' interests are well served. Choice Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Choice Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Simone Cole | VP Secretary | Profile | |
| Orit Sarfaty | Vice Placemaking | Profile | |
| Doris Baughan | Gen VP | Profile | |
| Julie Robinson | Senior Construction | Profile | |
| Erin Johnston | Senior Finance | Profile | |
| Evan Williams | VP Leasing | Profile | |
| Niall Collins | Executive Construction | Profile |